* Euro hit overnight after strong U.S. data, Fed * Fed minutes cautious on QE3 taper, but U.S. yields rise * No policy moves expected from ECB meeting, rhetoric eyed * Bullish sterling just off one-year high vs euro The euro recovered some ground ahead of a European Central Bank […]
Tag: Dollar
Shares and dollar rise on more signs of economic recovery
Global equities and the dollar rose on Wednesday, as solid German economic data pointed to a pick-up in world trade and kept European shares near five-and-a-half year highs. News on Tuesday that the U.S. trade deficit hit a four-year low also bolstered optimism over the global economy and lifted the […]
Asian shares tumble to three-week low on China services PMI
Asian shares fell to a three-week low on Monday after growth in China’s services sector slowed sharply last month, raising concerns about the pace of recovery in the world’s second-largest economy, while safe-haven gold climbed. The dollar hovered near a four-week high, supported by an upbeat outlook for the U.S. […]
